More Foolishness from EXOGEN

EXOGEN December 5, 2014 at 9:59am

MAKE SURE YOUR UNDERSTAND WHAT THESE 2 WORDS MEAN IN REFERENCE TO YOUR CURRENCY EXCHANGE

1. NON INTEREST BEARING ACCOUNTS

2. COMINGLING

Louie67 > EXOGEN Exo what the second one means?

Sqwatchy > Louie67 KEEP THEM SEPERATE...DIFFERENT ACCOUNTS FOR EACH ONE

Isaac In all contexts, commingling is mixing funds so that they are considered the same material fund. For example, if you deposit a paycheck into an inheritance fund, the paycheck would not be considered separate funds but part of the inheritance fund DONT MIX YOUR DINAR WITH ANY OTHER CURRENCY!!!!
....
Sunshine62 > Louie67 The Co-mingling of funds would mean you need to keep your DINAR account separate from the other accounts of currency exchange as it will have different tax implications.

NO fools that is not what co-mingling means. Legally, it means: the act of mixing the funds belonging to one party with those of another party, or, most importantly with funds held in trust for a another. To avoid commingling, trustees, lawyers, guardians and those responsible for another's funds set up trust accounts for funds of another.Obviously, you can't co-mingle if they are your own fund

Also, it doesn't matter one bit whether the proceeds of your dinar exchange are in a separate account or not, the tax is based on the exchange profit, not where you put the money.

There is absolutely no reason to put your money in a non-interest bearing account either ... for a limited period, a non-interest bearing account did offer unlimited FDIC coverage, but that ended on January 1, 2013. Of course the gurus were fully invested in using that to show how smart they were, and so became a part of their lie. Since the sheeple just take them at their word and never seem to investigate the facts on their own, they get away with it.

Don't believe me, read the actual law (12 CFR 330.16) here: http://www.law.cornell.edu/cfr/text/12/330.16

Never knew that about non-interest bearing accounts.  Thank you so much for sharing that.